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Market conditions
- Thread starter Sid Pachter
- Start date
- Status
Sid Pachter
Sophomore Member
- Joined
- Feb 26, 2008
- Professional Status
- Banking/Mortgage Industry
- State
- Florida
Do not assume what you do not know.
Mztk1
Senior Member
- Joined
- Dec 3, 2006
- Professional Status
- Certified Residential Appraiser
- State
- Florida
Sid isn't on the ASB site as an appraiser but here's an article he wrote:
http://seekingalpha.com/article/71258-explaining-the-mortgage-meltdown
Sid, I don't have access to the market you were looking for or I'd have helped as best I could, but it is my experience that when looking for the data it is better to isolate people from that location who are on the site and PM them for help.
http://seekingalpha.com/article/71258-explaining-the-mortgage-meltdown
Sid, I don't have access to the market you were looking for or I'd have helped as best I could, but it is my experience that when looking for the data it is better to isolate people from that location who are on the site and PM them for help.
Sid Pachter
Sophomore Member
- Joined
- Feb 26, 2008
- Professional Status
- Banking/Mortgage Industry
- State
- Florida
Thank you Jim and Greg.
Webbed Feet
Elite Member
- Joined
- Feb 11, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Canada
Mr. Pachter,
Sorry, but I have to agree with CWD's and Mr. Boyd's first reactions. Every appraiser on this forum shells out considerable resources in order to have access to market data. Here you come wanting to set a precedent on the forum that the polite thing for all of us to do is either hand those valuble resources that WE paid for away for free, or shut the %(^#$@ up since we don't have anything positive to say.
Well I have something I consider very positive to say. At least to everyone else. Many of us spend a lot of our time giving away our valuable knowledge on this site for free. Knowledge that took us years to obtain. We very politely, though sometimes bluntly, hand it out to those that ask us for it so they can bypass all the hard work and lessons we learned most often the hard way. As far as I know of, nobody here that offers responses has been sent a check for the value of that by anyone at all. I believe that due to what we offer, we have a right to draw a line regarding how much free stuff we should be asked for! I think we are certainly within our rights to encourage others to stop and think about the hard cash they shell out for their data, and their opinions on current specific markets, before they just give it away.
So I did not read any worthless comments. I only read an attempt to treat us like what we do is worthless and so are the things we pay out of our pockets for. Since it seems it is expected of us to give it away to the point that we are told our comments are worthless if we object to that. Well I rather strongly suggest to others that they should object to it also. I didn't get free information out of a doctor yesterday, I had to pay him for it. Like it has been said, we are fee appraisers, not free appraisers.
Webbed.
Mr Rex
Elite Member
- Joined
- Jan 12, 2004
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
Sounds like you need to order one of RELs handy dandy Market Conditions Summary reports. Available as an addenda or as its own major form. I suggest a minimum fee of $75. As a stand alone assignment, maybe 2X that. 
Freebies are for marketing promotions, maybe you can call a few PA appraisers and offer to send them full fee work for providing you market data (working) for free.:new_smile-l:
Freebies are for marketing promotions, maybe you can call a few PA appraisers and offer to send them full fee work for providing you market data (working) for free.:new_smile-l:TJSum
Elite Member
- Joined
- Nov 12, 2007
- Professional Status
- Certified Residential Appraiser
- State
- Maryland
Mr. Pachter,
Please re-read your OP. As you know most of us are beyond tired of comp check request, it hits a nerve with many on this forum. And during 2008 these comp check request also include a "free market study" to know whether the declining box with be checked off or not.
After re-reading your post, I am sure you can see that the tone you used sounded too similar to these same request we receive almost daily. That is why it received the static that it did. Maybe if you would have just posted in the PA forum that you were looking to confirm general market conditions for a certain area in PA and would like to talk with someone who is familiar with the area, you would have most likely received some good input.
Many times on the forum, or through emails, the tone comes across much different than the writer intended, and this most likely is one of those times. I always enjoyed reading your post and I think you would agree with the position many are taking here after thinking about it.
George Ellerman
Senior Member
- Joined
- Feb 21, 2005
- Professional Status
- Licensed Appraiser
- State
- Ohio
Sid,
In the first paragraph of your article you use the word "creditability".
Were you trying to say credibility? Just curious. If you were I would suggest a dictionary and a good spell checker. You'd be surprised how many people judge somebody by the way they write and speak.
Mztk1
Senior Member
- Joined
- Dec 3, 2006
- Professional Status
- Certified Residential Appraiser
- State
- Florida
Well I for one am paying it forward. I was given a lot of free advice and free resources when learning the ropes. I had agents give me access to their MLS database for free for years. I stopped by agents' offices and used their copy machine free of charge. I still to this day call agents and get information on a comp and then most of them continue to talk about the market, the prior sales in the area and give me lots of insights only a person who farms that neighborhood would know - all free of charge.
I know when I stopped by offices way back when, there were those who said "No", but they were the A-Holes, and funny enough, they were also the first offices to go out of business when times got tuff. There are those agents who don't return calls or don't offer much information, or when they do help out they make you know they are doing you a favor. It is funny, those are the same ones who have the least business. I've gauged it. For a little bit when an agent was uncooperative I checked the MLS to findtheir volume, and each one of them stunk butt in total listings and sales. The agents who I call and know I will get immediately, or get their assistant who I know will stop what they are doing and pull the file, or the agent who I know will return my call within the hour, also happen to be the same agents who are weathering this nasty market best, and doing the volume business.
I believe how much you help others pays unseen dividends in the attitude you have towards others as well as their perception of you. Their willingness to work with you and stand by you during the more difficult times truly stands out. But you can't turn it on with some and off with others because, before long, you grow mentally exhausted that way and you turn everyone off. It is the Enron model vs Google.
The art of business is to never worry about your own needs, but to put the needs of others first.
So Sid, or anyone else for that matter, if you ever need research help in my markets, do not hesitate to contact me. I won't do comp checks, but I have supplied appraisers on this site with bucket loads of comps to consider, and I have reviewed others and helped them through emails, over the phone, and have researched markets, etc. In fact, I have a report in my email that I am reviewing for someone right now! Imagine that, helping my competition! But I don't see the honest appraiser as my competition, they are more like brothers and sisters.
I know when I stopped by offices way back when, there were those who said "No", but they were the A-Holes, and funny enough, they were also the first offices to go out of business when times got tuff. There are those agents who don't return calls or don't offer much information, or when they do help out they make you know they are doing you a favor. It is funny, those are the same ones who have the least business. I've gauged it. For a little bit when an agent was uncooperative I checked the MLS to findtheir volume, and each one of them stunk butt in total listings and sales. The agents who I call and know I will get immediately, or get their assistant who I know will stop what they are doing and pull the file, or the agent who I know will return my call within the hour, also happen to be the same agents who are weathering this nasty market best, and doing the volume business.
I believe how much you help others pays unseen dividends in the attitude you have towards others as well as their perception of you. Their willingness to work with you and stand by you during the more difficult times truly stands out. But you can't turn it on with some and off with others because, before long, you grow mentally exhausted that way and you turn everyone off. It is the Enron model vs Google.
The art of business is to never worry about your own needs, but to put the needs of others first.
So Sid, or anyone else for that matter, if you ever need research help in my markets, do not hesitate to contact me. I won't do comp checks, but I have supplied appraisers on this site with bucket loads of comps to consider, and I have reviewed others and helped them through emails, over the phone, and have researched markets, etc. In fact, I have a report in my email that I am reviewing for someone right now! Imagine that, helping my competition! But I don't see the honest appraiser as my competition, they are more like brothers and sisters.
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